Daily update: AGL calls for RET to be scrapped completely
RenewEconomy editor@reneweconomy.com.au via mail62.atl51.rsgsv.net
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Australia’s one-time ‘greenest’ retailer has called for the renewable energy target to be scrapped altogether. Plus: How wind and solar took energy prices into the negative in South Australia; Hunt compares RET to $90/tonne carbon price; BHP flags carbon price and complementary policies at AGM, board candidate Ina Dunlop says not good enough; AEMC rejects attempt to stop utilities changing electricity prices mid-contract; the dangers of using renewables as a political football; German renewables getting cheaper; and the truth about reports that climate change will bring huge spiders, tiny horses and giant snakes.
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AGL Energy – once the “greenest” retailer in the country and now the largest producer of coal-fired energy – has called for the renewable energy target to be scrapped altogether.
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On Sept 30, South Australia ran most of the working day on wind and solar power, and it sent electricity prices into the negative in the middle of the day.
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Hunt says leaving renewable energy target as is would be equivalent of $90/tonne carbon tax. That’s true, but only if retailers refuse to build wind and solar farms.
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BHP flags carbon price, complementary policies to address climate change, former coal chief and board candidate Ian Dunlop says it’s still not enough.
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Consumer advocates say AEMC’s rejection of proposed electricity tariff reforms paves way for retailers to continue increasing prices at their leisure.
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The Coalition’s opening bid on RET negotiations offers interesting insight into renewable energy politics, including the votes attached to rooftop solar.
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For the first time ever, German consumers are about to see a drop in the surcharge they pay for renewable energy.
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Could climate change bring huge spiders and snakes, or shrunken mountain goats? Apparently, there’s some science behind the wacky news headlines.
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